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Home My WebLink AboutFY 2022-23 Impact Fee Report SARATOGA CITY COUNCIL MEETING DATE: December 20, 2023 DEPARTMENT: Administrative Services PREPARED BY: Ann Xu, Interim Finance Manager/Accountant SUBJECT AB1600 Development Impact Fee Annual Report RECOMMENDED ACTION: Review and accept the annual AB1600 Development Impact Fee report for the fiscal year ended June 30, 2023. BACKGROUND: As required under AB1600 accounting guidelines, this report provides: 1. A brief description of the type of fee; 2. The amount of the fee; 3. Beginning and ending balances of the fees; 4. Total fees collected and the interest earned, if applicable; 5. Identification of the public improvement the fees were used for; 6. Identification and timeline of public improvements any unexpended fees will be used for; 7. Description and uses for transfers or loans of fees, if applicable. The AB1600 Development Impact Fee that the City collects is also known as the Park-In-Lieu Fee. Under Saratoga’s Municipal Code 14-25.080, as a condition of approval, a sub-divider/owner shall either dedicate a portion of land or pay a fee in lieu thereof, or a combination of both at the option of the City, for the purpose of providing park or recreational facilities for each new parcel. Five acres of parkland per 1,000 residents is the standard promulgated by the National Recreation and Parks Association and is a common metric utilized by other communities in California to measure adequacy of parkland. The Open Space and Conservation Element of the City’s General Plan recognized that additional parkland must be protected and adopted this goal to provide at least five acres of parkland per 1,000 residents to maintain the City’s existing character as a small-town community surrounded by rural and open space. In support of this goal, the City established a Development Impact Fee per new parcel to provide funding for increased usage and additional park requirements brought on by the new development within the City. The Park-In-Lieu Fee per subdivided parcel is calculated based upon the following formulas: Single Family Residential Unit: (2.7 people per household) X (5 acres per 1,000 residents) X ($2.4 million per acre) = $32,343 Multi-Family Residential Unit: (1.8 people per household) X (5 acres per 1,000 residents) X ($2.4 million per acre) = $21,562 Park In-lieu Fee Summary The table below summarizes the activity for the Park-In-Lieu Fees collected over the last five fiscal years and utilized as of June 30, 2023. Remaining Park-In-Lieu Fees are re-budgeted into the assigned capital project for use in the next fiscal year, as shown in the far-right, gray-shaded column: The $1,048,701 balance remaining as of June 30, 2023, $1,020,330 is already budgeted for FY 2023-24. Budgeted 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Beginning balance 392,074$ 229,702$ 205,591$ 291,310$ 1,172,556$ 1,048,701$ Sources: Park-In-Lieu Fees - - 117,804 970,299 128,372 - Funds from closed projects 9,328 - - - - - Uses: Quarry Park ADA Access - - - - - - Hakone Village to Quarry Park Walkway 9,320 - - - - - Saratoga Village to Quarry Park Walkway 14,878 - - - - 223,811 Park & Safety Trail Improvements 42,956 - - - - - Quito/Pollard Road Open Space Impr.54,546 18,616 - - - - Quarry Park Pond Walkway Clearing 50,000 - - - - - Hakone Gardens Infrastructure Impr.- 5,495 32,085 - 409 82,011 Orchard Irrigation & Tree - - - 89,053 37,710 3,238 Hakone Gardens Fence - - - - - 75,000 Quarry Park Maint. Building - - - - - 35,000 Beauchamps Park Playground - - - - 60,079 - El Quito Park Pickleball - - - - 152,784 1,515 Joe's Trail Phase 2 - - - - 1,245 130,755 Joe's Trail Phase 3 - - - - - 264,000 Trail Pet Stations - - - - - 25,000 Village Oaks Quarry Trail - - - - - 30,000 Hakone to Quarry Trail - - - - - 50,000 Park and Trail Fire Mitigation - - - - - 100,000 Remaining Available Funds:229,702$ 205,591$ 291,310$ 1,172,556$ 1,048,701$ 28,372$ Park In Lieu Development Fees Actual The remaining unallocated balance of $28,372 plus future Park-in-Lieu fees will be applied to park improvement projects as directed by Council through the annual Capital Improvement Plan budget process.